A second round of COVID-19 stimulus payments is included in the HEROES Act, a $3 trillion package that just passed a vote in the House of Representatives. The act offers another round of stimulus payments for the American people.
The Senate has yet to take up the bill, but Republicans have indicated that they will not support the legislation as it stands and likely won’t consider it until after the Memorial Day recess.
President Donald Trump has called the bill “DOA. Death on arrival,” according to ABC News.
Whatever you received the first round of stimulus, you most likely receive the same.
Just like the CARES ACT, the HEROES Act would give a one-time, non-taxable payment of $1,200 to individuals earning up to $75,000 annually.
The HEROES Act would provide more to families, allowing households to claim up to $6,000 in coronavirus relief.
It also allows payment to immigrants by removing the CARES Act’s requirement of social security number and allowing people to file tax returns with their tax identification number, according to NBC News. (This also may be one of the reason, President Trump will veto this legislation)
In the HEROES Act, families with three of more dependents would be eligible for up to $6,000.
- Individuals earning up to $75,000 annually according to their last tax return would receive $1,200.
- Couples earning up to $150,000 would receive $2,400 jointly.
- Households would receive payments of $1,200 each for up to three dependents, including adult dependents.
Additionally, the HEROES Act would provide stimulus payments to those with taxpayer identification numbers who were excluded in the first round.